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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Buying Jr. Loans Posted by Gary on September 10, 2001 at 10:10 PM I have a question I'm hoping one of you savvy investors who are active in buying 2nd and 3rd notes. For example, let's say there's a home, FMV at 200K. 150K first, and 50K second. If the first has begun foreclosure proceedings, what is the most a smart investor would pay to buy out the note from the second and make a reasonable profit? Thanks for your help. I love this gathering place... Gary Follow Ups: Re: Figuring out Jr. benes Ward-CA- 7:18 AM, 09/11/01 (1) Re: Figuring out Jr. benes Gary 1:51 PM, 09/11/01 (0) Post a Followup: Name : E-Mail : Subject : Comments: : I have a question I'm hoping one of you savvy investors who are active in buying 2nd and 3rd notes. : For example, let's say there's a home, FMV at 200K. 150K first, and 50K second. : If the first has begun foreclosure proceedings, what is the most a smart investor would pay to buy out the note from the second and make a reasonable profit? : Thanks for your help. I love this gathering place... : Gary Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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